Working Papers
"Optimal Financing of Government Purchases," joint with Stavros Panageas, September 2024.
"Running Primary Deficits Forever in a Dynamically Efficient Economy: Feasibility and Optimality", joint with Stavros Panageas, August 2022, previously circulated as “Optimal Rollover of Government Debt in a Dynamically Efficient Economy.”
“Classical Measurement Error with Several Regressors,” May 2017, revised May 2019.
“Investment with Leverage,” June 2016.
“Optimal Capital Income Taxation,” February 2006, revised May 2017.
“Investment, q with Fixed Costs: An Empirical Analysis,” January 1996, with Janice C. Eberly.
"Asset Prices under Heterogeneous Beliefs: Toward a Resolution of the Equity Premium Puzzle," Rodney L. White Center for Financial Research, Working Paper No. 9-89, February 1989.
"The Long-Run Effects of Fiscal Policy under Altruism and Endogenous Fertility," revised February 1986.